How much is the income tax exemption for serious illness medical treatment?

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Income Tax Exemption for Serious Illness Medical Treatment

Parents can claim an income tax exemption of up to RM6,000 for medical treatment expenses related to serious illnesses, which also includes fertility treatment. This provision was outlined in the Finance Bill (2019) presented in the Dewan Rakyat. The amendment is set to be effective for the year of assessment 2020 and subsequent years, offering financial relief for individuals undergoing treatment for significant health conditions.
Scope of Medical Treatment Exemption

The income tax exemption specifically covers expenses incurred for medical treatment of serious illnesses. This inclusive approach acknowledges the financial burden associated with significant health challenges and extends to treatments such as fertility procedures. The maximum exemption amount available under this provision is RM6,000.
Effective Period of Tax Relief

The financial relief concerning medical treatment expenses for serious illnesses, including fertility treatment, is effective from the year of assessment 2020. This means taxpayers can begin to claim this exemption for eligible expenses incurred from the 2020 assessment year onwards, with continued applicability for subsequent years.
Broader Legislative Amendments

This specific tax exemption is part of a larger Finance Bill (2019) that proposes several amendments to various tax acts. These include changes to the Income Tax Act 1967 and the Real Property Gains Tax Act 1976, among others. The bill also introduces new provisions, such as tax rebates on levies for individuals departing Malaysia by air for religious pilgrimages like Umrah.

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How much is the income tax exemption for serious illness medical treatment?

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